(a)  An issuer shall not deliver or issue for delivery a policy or certificate to a resident of this state unless the policy form or certificate form has been filed with and approved by the commissioner in accordance with filing requirements and procedures prescribed by the commissioner.

(b)  The commissioner shall review the rate, rating formula, or rate manual filing and approve the filing, propose to the health insurance issuer how the filing can be amended and approved, or take other actions separately or in combination as the commissioner deems appropriate and as authorized by law.

(c)  The commissioner may approve, disapprove, or modify the rates, rating formula, or rating manual filed by the issuer.

(d)  A health insurance rate, rating formula, or rate manual shall not be approved unless the commissioner determines that the health insurance issuer has demonstrated to the satisfaction of the commissioner that it is consistent with the proper conduct of the business of the issuer, and consistent with the interests of the public. In considering the interests of the public, the commissioner shall seek to ensure affordability and to minimize unreasonable disparities in access to coverage.